M&A Deal Summary

H.I.G. Private Equity Acquires Smallsteps

On August 15, 2014, private equity firm H.I.G. Private Equity acquired consumer services company Smallsteps

Acquisition Highlights
  • This is H.I.G. Private Equity’s 2nd transaction in the Consumer Services sector.
  • This is H.I.G. Private Equity’s 2nd transaction in the Netherlands.
Investment Fate
  • Smallsteps merged with another company in 2020.

M&A Deal Summary

Date 2014-08-15
Target Smallsteps
Sector Consumer Services
Buyer(s) H.I.G. Private Equity
Deal Type Special Situations/Distressed

Target

Smallsteps

Amersfoort, Netherlands
Smallsteps is a provider of childcare services in the Netherlands. The Group offers day care for 0-4 year olds and pre/after school care for 4-12 year olds. The group provides services to 26,000 children through its 251 locations and 2,750 employees. Smallsteps works together with parents, local communities and national partners to ensure excellent childcare services are provided for its customers. Smallsteps was founded in 1975 and is based in Amersfoort, Netherlands.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 154 of 383
Sector: Consumer Services M&A 2 of 5
Type: Special Situations/Distressed M&A Deals 8 of 8
Country: Netherlands M&A 2 of 2
Year: 2014 M&A 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-12 Lulus

Chico, California, United States

Lulus is an online destination for chic and on-trend fashion, providing superior customer service, a carefully curated selection, and a personalized shopping experience. Lulus was founded in 1996 and is based in Chico, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Engine Group

London, United Kingdom

Engine Group is a broad-based digital transformation, communications and creative business. Engine’s business is comprised of three divisions: Communications, Creative and Transformation, providing a range of services across business transformation and client engagement campaigns. Engine Group was founded in 2004 and is based in London, United Kingdom.

Sell -